What is the purpose and structure of Graphic Packaging's agreement with NextEra Energy Resources for the Selenite Springs Energy Center?

Graphic Packaging Holding signed a virtual power purchase agreement (VPPA) with NextEra Energy Resources to develop the 250-megawatt Selenite Springs Energy Center solar plant in Texas, located within the ERCOT power market; under the agreement, the energy produced will be sold to ERCOT, while Graphic Packaging will receive renewable energy credits and financial exposure tied to the project, supporting its emissions reduction goals.

How does this solar project align with Graphic Packaging’s broader environmental targets and current renewable electricity usage?

The project supports Graphic Packaging’s commitment to reduce global Scope 1 and 2 emissions by 50.4% by 2032 and achieve net zero by 2050; it is the company’s largest VPPA to date and will raise its total global purchased renewable electricity to approximately 49%.

Graphic Packaging, NextEra to build 250 MW solar plant in Texas

Apr 29, 2026

Graphic Packaging Holding partners with NextEra to build a 250 MW solar plant in Texas, increasing renewable electricity usage to 49% and supporting net-zero targets by 2050.

reuters

2026-04-29

Graphic Packaging, NextEra to build 250 MW solar plant in Texas

Graphic Packaging, NextEra to build 250 MW solar plant in Texas

FAQ